I've adapted a strategy found on another forum that focuses on the opening time of the US market.
This one's for our AUD.
Determine the market range for the first 1 hour of trading (ie 10AM to 11AM EST)
Set buy stop orders on the breakout above the high of the last hour
Set sell stop order on the breakout below the low of the last hour
Target 10-20pips. Trailing stop loss to maximise gains if it trends well.
[attached AUD/USD from this morning... this method would have peaked at almost 30pips]
It's not fool proof and needs some polishing so open to any suggestions to improve it.
PS: I've quickly checked to see if this method would work on the SPI... it seems to work alright... but needs more verification.